Binance is expanding its spot trading offerings with new USDC-based spot trading pairs for an array of tokens launching on March 13.
On March 12, the leading crypto exchange announced that it will provide trading support for a number of new spot trading pairs, which include CVC/USDC (USDC), EURI/USDC, SYN (SYN) /USDC, USDC/RON, and VELODROME/USDC. Trading will start on March 13 at 08:00 UTC.
Aside from the other tokens, RON is the Romnian leu fiat currency that can now be traded with Circle’s USDC.
Additionally, the Binance will also enable Trading Bots services for the aforementioned trading pairs once trading support is launched. However, some users who live in certain regions may not be able to access these spot trading pairs due to local restrictions that may change overtime.
Users that live in Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and its territories, and any non-government controlled areas of Ukraine will not be able to access the new spot trading pairs. Therefore, all users would need to undergo account verification to access the new trading pairs.
Shortly after the announcement, most of the tokens listed for spot trading pairs experienced gains. CVC went up more than 5% after the Binance notice was published. Civic’s native token is currently trading hands at $0.095.
Meanwhile, Synapse’s token went up more than 5% to $0.183. SYN’s Binance boost helped it break through the downward trend as the token has been going down nearly 30% in the past week and declining more than 50% in the past month.
SYN was first listed on Binance Futures in August 2024, but has yet to receive a stand-alone token listing on the exchange.
Furthermore, Velodrome Finance’s token went up by 2.2% since the Binance notice came out. In the past 24 hours, VELO has gone up by 1% to $0.048. Similar to SYN, VELO also broke through its decline pattern. VELO has gone down by 21.2% in the past week and decreased by more than 34% in the past month.
Lastly, EURI only saw a slight rise by 0.3% to $1.09 in the past 24 hours of trading. The Eurite token has been seeing small gains in the past few days. EURI has gone up by 2.3% in the past week and increasing by 5.7% in the past month.
Earlier today, CryptoQuant analyst Darkfost stated Binance’s Bitcoin (BTC) whale ratio has been on the decline, signaling that selling pressure from large holders on Binance for BTC seems to be easing as big holders are cutting down their sell orders.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
